Overview
What is Energize Credit Union?
Energize Credit Union is a nonprofit organization, specifically a credit union, established to cater to the financial needs of employees working within the State Electric Cooperatives. The primary mission of this credit union is to provide financial services and credit facilities, serving as a financial resource for its member-employees. The information does not specify any additional programs, research initiatives, or support services offered by Energize Credit Union.
Is Energize Credit Union legitimate?
Energize Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Energize Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $189,271
Professional Fundraising Fees: $0
Other Salaries and Wages: $132,135
For more financial information, click here
What is the mission statement of Energize Credit Union?
Energize Credit Union is dedicated to serving the financial needs of employees within the State Electric Cooperatives. Their mission is to provide a credit union service, which is a not-for-profit financial cooperative, offering various financial products and services to its members. The primary goal of Energize Credit Union is to cater to the financial needs of its member-owners, ensuring they have access to reliable and affordable financial services. By doing so, the credit union contributes to the financial well-being of its members, fostering financial stability and independence.
Who is the CEO of Energize Credit Union?
Maranda Babb is the President of Energize Credit Union.
What is the revenue of Energize Credit Union?
Energize Credit Union's revenue in 2022 was $1,159,668.
Who are the executives of Energize Credit Union and what are their salaries?
Here are 33 key members and their salaries:
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Where can I find the form 990 for Energize Credit Union?
Energize Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Energize Credit Union
Energize Credit Union, as its mission states, is dedicated to serving the financial needs of employees within the State Electric Cooperatives. In simpler terms, this credit union exists specifically to provide financial services and credit facilities for individuals who are employed by electric cooperatives across the state. By doing so, Energize Credit Union aims to support these employees in managing their finances effectively and efficiently, fostering financial stability and well-being within the community.
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Impact
October, 2024
Energize Credit Union plays a vital role in supporting employees of the state electric cooperatives by offering a range of financial services tailored to their needs. By providing access to affordable banking options, the credit union enhances financial well-being for its members in Oklahoma City and the surrounding areas.
Through its mission, Energize Credit Union fosters a sense of community among cooperative employees, ensuring that they have the resources to manage their finances effectively. This support helps to promote economic stability, making it easier for members to save, invest, and obtain loans for personal and professional growth.
In addition to financial services, Energize Credit Union engages in initiatives that benefit the community, enhancing public welfare. Overall, its impact extends beyond traditional banking by contributing to the economic empowerment and security of individuals connected to the state electric cooperatives.
This information is meant to be a general summary of Energize Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $107,108
- Program Service Revenue: $1,052,560
- Gross Receipts: $1,159,668
Assets and Liabilities:
- Total Assets: $30,179,781
- Total Liabilities: $27,371,480
- Net Assets: $2,808,301
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Interest on Member Loans
Revenue
$1,052,560
Organization Details
Phone
(405) 478-0046Principal Officer
Maranda Babb
Main Address
PO BOX 54309, OKLAHOMA CITY, OK, 73154
NTEE Category
Code: W60 - Public benefit
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